The rate of unemployment in the eurozone reached its lowest level since may 2012

Unemployment in the eurozone stood at 11.3% in February, half a point less than a year earlier, according to Eurostat data. The indicator reaches its best value from may 2012. In the whole of the European Union the rate of unemployment stood at 9.8%, seven-tenths below the level recorded in the same month of 2014 in February.

The European statistical agency estimated that about 24 million people did not have employment in the EU in February, of which more than 18 million were in the euro zone.

Data from Eurostat again draw to Greece as the European country with the worst figures, with a rate of unemployment of 26% in December, ahead of Spain, that he managed to moderate unemployment in February to 23.2% from 23.4% in January.

With a decrease of 446,000 a year unemployed, our country was responsible for 69% of the reduction in the number of unemployed in all the States of the single currency in the last twelve months and 28.8% of the decline in the whole of the EU.

Between countries members whose data were available, the lower unemployment rates were recorded in Germany (4.8%), Austria (5.3%), Czech Republic (5.5%) and Luxembourg (5.8%).

On the other hand, the highest levels were observed in Greece (26% in December 2014), Spain (23.2%), Croatia (18.5%), Cyprus (16.3%) and Portugal (14.1%). In comparison with February 2014, unemployment has declined in 22 countries and increased in six.

Regarding the under 25 years of age, the rate of unemployment in the eurozone remained stable in February at 22.9%, amounting to a total of 3.24 million young people without occupation, while he returned to be 21.1%, affecting 4.85 million in the EU. Youth unemployment in Spain in February was only surpassed by 51.2% of Greece in December.

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Posted by on Apr 1 2015. Filed under General. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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